Refrigerant demand to grow by 50% by 2018

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USA: Worldwide refrigerant consumption is set to grow from an estimated $10.5bn (equivalent to 1,207 thousand MT) last year to $15.7bn by 2018, with a CAGR of 6.9% from 2013 to 2018.This latest report by marketsandmarkets.com covers all refrigerants - HCFCs, HFCs, hydrocarbons, ammonia and CO2 - and defines and segments the global refrigerant market with analysis and forecasting of the global volume and revenue.

Asia-Pacific accounted for around half of refrigerant demand in 2012, mainly due to rising demand for cooling products in China and India.